Hi BAT people,
In reading through some of the most recent posts it appears there are still a few hanging around whose situation is described as non holders with nil or negative sentiment.
As a suggestion, it's probably time to move on to greener pastures elsewhere.
I'm not sure what you're hoping to gain by still being here. Be kind to yourselves, be liberated!
New investors will inevitably enter BAT for the ride. In these times the ride is gold. The graphite project will still be there, in the background.
It is those who are here interested in the future to whom I wish to engage with.
Thinking of the future, BAT is now a $9 million company with about $4.75 million in cash.
It will be announcing the finalisation of the acquisition of Block 4 which sits directly alongside and along strike to the massive copper gold discovery made recently by Stavely Minerals.
The project being vended into BAT (Block 4, to be renamed to E67801) contains the Moyston gold mine, which average production of gold at 22 g/t Au, making it one of the highest grade mines in Australia.
TheMoyston Gold Field was discovered in 1857, opened in 1858 and worked for a total of 10 years.
The average grade of ore produced in 1861 was reported 30 to 40 g/t Au with this gradually falling to 9-12 g/t Au by 1870.
The majority of mines closed with a reported recovered grade of 15 g/t Au on the lowermost stoped levels.
BHP explored the Moyston goldfield in 1997, drilling 80 RC holes for 4,247 metres (53 metres average depth).
BHP's results included:
MMR39, 1 metre at 13g/t Au from 19 metres
•MMR44, 4metres at 13g/t Au from 21 metres
•MMR45, 1 metre at 16g/t Au from 34 metres and 10metres at 9g/t Au from 51metres
•MMR50, 4metres at 3g/t Au from 51 metres
•MMR51, 3 metres at 2.6g/t Au from 16 metres
•MMR67, 18 metres at 1.4g/t Au from 52 metres
•MMR68, 2 metres at 5g/t Au from 4 metres
•MMR69, 2 metres at 12 g/t Au from 62 metres
•MMR70, 13 metres at 2.9g/t Au from 79 metres
•MMR74, 2 metres at 5g/t Au from 25 metres
•MMR79, 5 metres at 6.6g/t Au from 138
The prospect has not been drilled since 1997 and mineralisation remains open at depth and along strike.
(20min delay)